Balanced trade in services in Equatorial Guinea
Equatorial Guinea: Balanced trade in services was 0.7637 US dollars, exchange rate converted in 2024. ▼ Falling
Balanced trade in services in Equatorial Guinea, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
The most recent figure for balanced trade in services in Equatorial Guinea is 0.7637 US dollars, exchange rate converted, measured in 2024.
That represents a change of up 10.7% on the previous year and down 40.9% over ten years.
Over the whole period, balanced trade in services in Equatorial Guinea peaked at 1.29 US dollars, exchange rate converted in 2014 and was at its lowest, 0.3962 US dollars, exchange rate converted, in 2020.
The long-run direction has been consistently falling across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6747 US dollars, exchange rate converted | 0.4702 US dollars, exchange rate converted | 0.9003 US dollars, exchange rate converted | 5 |
| 2010s | 0.9864 US dollars, exchange rate converted | 0.6656 US dollars, exchange rate converted | 1.29 US dollars, exchange rate converted | 10 |
| 2020s | 0.6103 US dollars, exchange rate converted | 0.3962 US dollars, exchange rate converted | 0.7637 US dollars, exchange rate converted | 5 |
Countries ranked near Equatorial Guinea
- 4 Canada 101.73 US dollars, exchange rate converted compare
- 5 India 99.38 US dollars, exchange rate converted compare
- 6 Singapore 97.34 US dollars, exchange rate converted compare
- 7 Japan 89.29 US dollars, exchange rate converted compare
- 8 Brazil 83.18 US dollars, exchange rate converted compare
- 9 Australia 73.5 US dollars, exchange rate converted compare
- 10 Switzerland 68.76 US dollars, exchange rate converted compare
More economy & growth data for Equatorial Guinea
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.95 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7967 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 24.23 Percentage of GDP (2029)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 8.47 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 17 - Trade by 1,180 US dollar (2022)
- Environmentally related tax revenue 0.4036 Percentage of GDP (2024)
- Africa's Development Dynamics (AfDD) Table 28 - International trade 166.55 Percentage of merchandise value (2020)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 222.15 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 121.5 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 4.3 Percentage of GDP (2019)
Frequently asked questions
- What is balanced trade in services in Equatorial Guinea?
- Balanced trade in services in Equatorial Guinea was 0.7637 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Equatorial Guinea?
- The highest recorded value was 1.29 US dollars, exchange rate converted in 2014.
- What is the lowest balanced trade in services recorded in Equatorial Guinea?
- The lowest recorded value was 0.3962 US dollars, exchange rate converted in 2020.
- How does Equatorial Guinea rank for balanced trade in services?
- Equatorial Guinea ranks 7th out of 14 groups with data for 2024.
- Is balanced trade in services rising or falling in Equatorial Guinea?
- Over the last ten years it is down 40.9%. The long-run trend across the full record is falling.
- Where does this Equatorial Guinea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html